Henry Schein subsidiary eAssist acquired a majority stake in Unitas PPO Solutions, complementing the company’s revenue cycle offering.
Henry Schein subsidiary eAssist Dental Solutions has acquired a majority interest in Unitas PPO Solutions, a privately held service provider that works with dental practices to assess their commercial insurance participation, set competitive fee-for-service rates and negotiate contracted reimbursement with commercial insurers (PPO plans).
The addition of Unitas is the result of a long-standing strategic relationship with Henry Schein that was formed in 2014 and offers a variety of service plans tailored to the specific needs of a dental practice.
“The addition of Unitas will help dental practice teams improve their critical insurance and billing functions and allow more focused attention on delivering high-quality patient care,” said Stanley M. Bergman, chairman of the board and chief executive officer of Henry Schein. “Combining Unitas with our existing eAssist business is an excellent strategic fit within our portfolio of services for dental practices and makes Henry Schein the one-stop-shop for all dental insurance reimbursement, revenue cycle, and dental billing service needs.”
Headquartered in Mesa, AZ, Unitas was founded in 2010 by Mike Alder to help dental practices negotiate PPO rates and optimize PPO participation.
Alder will continue to manage the Unitas business as chief executive officer, along with the current Unitas management team. In 2021, Unitas had sales of approximately $5 million. The financial terms of the transaction were not disclosed.
In 2021, Henry Schein acquired a majority interest in eAssist, a platform provider of outsourced revenue cycle services to the dental industry. The addition of Unitas complements eAssist’s revenue cycle offering.
Unitas has expertise in analyzing claims and fee data that are expected to improve fee analysis services offered by Henry Schein, and enhance the collections processes of the eAssist platform, allowing dental practices to simplify operations.
“Dental practices must ensure they are being paid appropriate rates for the services they perform to mitigate rising costs,” said Alder. “Unitas brings multiple advantages to our customers, including our established relationships with payer-provider relations and contracting teams. We look forward to continuing our rapid growth as we expand our reach through the industry leadership of Henry Schein and eAssist.”